Electric load forecasting methods: Tools for decision making

Heiko Hahn, Silja Meyer-Nieberg and Stefan Pickl

European Journal of Operational Research, 2009, vol. 199, issue 3, 902-907

Abstract: For decision makers in the electricity sector, the decision process is complex with several different levels that have to be taken into consideration. These comprise for instance the planning of facilities and an optimal day-to-day operation of the power plant. These decisions address widely different time-horizons and aspects of the system. For accomplishing these tasks load forecasts are very important. Therefore, finding an appropriate approach and model is at core of the decision process. Due to the deregulation of energy markets, load forecasting has gained even more importance. In this article, we give an overview over the various models and methods used to predict future load demands.

Keywords: Electric; load; forecasting; Energy; markets; Decision; making; Survey (search for similar items in EconPapers)
Date: 2009
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (111)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0377-2217(09)00209-4
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:ejores:v:199:y:2009:i:3:p:902-907

Access Statistics for this article

European Journal of Operational Research is currently edited by Roman Slowinski, Jesus Artalejo, Jean-Charles. Billaut, Robert Dyson and Lorenzo Peccati

More articles in European Journal of Operational Research from Elsevier
Bibliographic data for series maintained by Catherine Liu ().